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South Korea: Stocks tentative, won weaker against dollar

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[SEOUL] South Korea's


stock index was flat on Wednesday, while the Korean won and bond yields fell.

At 01.16 GMT, the Kospi was down 1.91 points or 0.08 per cent at 2,413.21.

The won was quoted at 1,074.6 per dollar on the onshore settlement platform, 0.1 per cent weaker than its previous close at 1,073.5.

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In offshore trading, the won was quoted at 1,074.8 per dollar, down 0.13 per cent from the previous day, while in one-year non-deliverable forwards it fetched 1,063.6 per dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.06 per cent, after US stocks lost ground in the previous session. Japanese stocks rose 0.23 per cent.

The Kospi is down around 2.1 per cent so far this year, and 3.30 per cent in the previous 30 days.

The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 per cent and the market capitalisation is 1,242.04 trillion won.

The trading volume during the session on the Kospi index was 140,575,000 shares, and of the total traded issues of 874, the number of advancing shares was 424.

Foreigners were net sellers of 76,965 million won worth of shares.

The US dollar has risen 0.84 per cent against the won this year. The won's high for the year is 1,056.67 per dollar on January 14 and low is 1,098.4 on February 6.

In money and debt markets, March futures on three-year treasury bonds rose 0.03 points to 107.53.

The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 per cent, while the benchmark 3-year Korean treasury bond yielded 2.311 per cent, lower than the previous day's 2.32 per cent.

REUTERS